How important is policy compliance?

March 6, 2020

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Q. It is understood that policy compliance is important, but to what extent? What agencies or internal audit groups would have the most interest? What could the financial ramifications be for non-compliance? A. (From the IOFM Advisory Panel) ----- First, I want to emphasize that policy compliance is critical. Most of us don’t want to believe that any employee would commit fraud, and we want to trust our employees. But the reality is, without policy compliance, your organization would send a…

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Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
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